Picton Mahoney Asset Management Purchases 25,137 Shares of Coursera, Inc. (NYSE:COUR)

Picton Mahoney Asset Management increased its position in shares of Coursera, Inc. (NYSE:COUR) by 53.0% in the 4th quarter, HoldingsChannel reports. The fund owned 72,582 shares of the company’s stock after acquiring an additional 25,137 shares during the period. Picton Mahoney Asset Management’s holdings in Coursera were worth $617,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Pitcairn Co. raised its stake in shares of Coursera by 16.9% during the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after acquiring an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Coursera by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after acquiring an additional 2,543 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after acquiring an additional 2,552 shares in the last quarter. FMR LLC raised its stake in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after acquiring an additional 2,651 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company’s stock worth $2,230,000 after acquiring an additional 3,100 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 16.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Coursera in a research note on Thursday, December 5th. Scotiabank assumed coverage on shares of Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target on the stock. Telsey Advisory Group restated an “outperform” rating and set a $15.00 price target on shares of Coursera in a research note on Tuesday, January 28th. Finally, UBS Group upped their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.13.

Coursera Stock Performance

Shares of NYSE COUR opened at $6.98 on Friday. The company’s fifty day moving average price is $8.14 and its 200 day moving average price is $7.92. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $14.64. The company has a market capitalization of $1.12 billion, a PE ratio of -13.43 and a beta of 1.40.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.